The EU dropped two entries from its Syria sanctions regime following a November General Court decision annulling their listings. Per the April 4 European Council decision, Bashar Mohammad Assi and Khaldoun Al-Zoubi no longer remain subject to EU restrictions.
The U.S.-China Economic and Security Review Commission on April 6 issued an updated table of Chinese companies listed on the Nasdaq, the New York Stock Exchange and the NYSE American. As of March 31, 261 Chinese companies were listed on those U.S. exchanges. The list was last updated in May (see 2105130021).
The Bureau of Industry and Security is looking for new candidates to serve on each of its six technical advisory committees, a notice said. The TAC members -- selected from industry, academia and government -- will help advise the Commerce Department on export controls and may serve terms of not more than four consecutive years. Applicants should send a resume and other required information to Yvette.Springer@bis.doc.gov by June 6.
Konstantin Malofeyev, a Russian oligarch, was charged in the U.S. District Court for the Southern District of New York with violating U.S. sanctions in his efforts to establish television networks in Russia and Greece and acquire a television network in Bulgaria, DOJ announced April 6. Malofeyev is charged with conspiracy to violate U.S. sanctions and violations of U.S. sanctions relating to the hiring of U.S. citizen and television producer Jack Hanick to set up the networks. Malofeyev allegedly transferred a $10 million investment from a U.S. bank to a business associate in Greece in violation of the U.S. asset freeze on the oligarch.
A Burma sanctions bill called Burma Unified Through Rigorous Military Accountability Act of 2021, or BURMA Act, passed the House by a voice vote April 6.
The House Foreign Affairs Committee passed a bill on for further consideration that would require the administration to determine whether a person or a foreign financial institution is covered by either Executive Order 14024 (see 2203090036) or Executive Order 14039, (see 2108230061). The administration would have to justify who is covered if either the chair or ranking member of the House Foreign Affairs Committee or the Senate Foreign Relations Committee asks it to. The bill says the administration would have to respond to a request within 60 days. The voice vote in committee was April 5. It was co-sponsored by Rep. Dan Meuser, R-Pa., and Rep Susan Wild, D-Pa.
The Drug Enforcement Administration is placing the newly approved drug Quiviviq (daridorexant) in Schedule IV of the Controlled Substances Act, it said in an interim final rule. Effective April 7, daridorexant, which was granted FDA approval in January, is subject to new registration, labeling, record-keeping, and import and export requirements. DEA is accepting comments on the rule until May 9.
The Office of Foreign Assets Control on April 5 sanctioned Hydra Market, a Russia-based darknet market used to buy and sell illegal goods, and identified more than 100 virtual currency addresses associated with Hydra’s operations. The agency also sanctioned Garantex, a virtual currency exchange with operations in Moscow. OFAC said that more than $100 million worth of transactions associated with Garantex “are associated with illicit actors and darknet markets.”
The Bureau of Industry and Security on April 7 suspended the export privileges of three Russian airlines for violating U.S. export controls against Russia. The agency issued 180-day temporary denial orders for Aeroflot, Azur Air and UTair, which bar the airlines from participating in transactions with items subject to the Export Administration Regulations, BIS said. The agency said it may renew the denial orders after 180 days.
The U.S. on April 6 issued a series of new financial restrictions on Russian banks, including full blocking sanctions on Sberbank and Alfa Bank, two of the country's largest financial institutions. The wide-ranging designations also include full-blocking sanctions against a group of Russian state-owned entities "critical" to funding the war in Ukraine, the White House said. Sanctions were also levied against additional Russian government officials, oligarchs and their family members, including the adult children of Russian President Vladimir Putin and members of the Russian security council. President Biden also issued an executive order blocking new investment in Russia by Americans or American companies.